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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.25

-2.0%

3:59 PM EST

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To: Bill Harmond who wrote (94140)	2/20/2000 1:35:00 PM
From: Skeeter Bug	Read Replies (1) of 164684

william, creative destruction can be good and it can be bad. if the destruction is caused by far superior processes then it is good. however, if it is caused by investor gambling that dislocates financial markets and resources then it is bad. the hard working jewelers may have a very viable and profitable business operations. however, ignorant investors may give the competition a billion bucks to sample (and the nets are sampling) a business plan that sounds cool. well, the newly funded sampling business plans wrap dollars around diamonds for a business model. this puts out the efficient business model out of business b/c they can't compete. neither can the "new" businesses, but they don't worry about that b/c they still have $500m in the bank. taking the high and mighty "with progress comes pain" stance is not appropriate here.

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